Dow nears 18,000 again

Dow nears 18,000 again
Local News

By scott miller

The possibility of the Federal Reserve raising its benchmark interest rate in December became a probability by week’s end thanks to a blockbuster jobs report, and investors hardly flinched.In fact, the S&P 500 was up for the sixth week straight, and the Dow inched closer to going back over the 18,000-point mark for the first time since July 21. Meanwhile, the yield on the two-year Treasury, seen as a yardstick of the Fed’s intentions, rose to a five-year high, and, as measured by The Wall Street Journal’s Index, the dollar surged to its highest level since 2002 The Fed had …

Source:: Vail Daily Feed